The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 November 2019, according to data from STR.
In comparison with the week of 4-10 November 2018, the industry recorded the following:
• Occupancy: +0.1% to 69.0%
• Average daily rate (ADR): +1.9% to US$132.66
• Revenue per available room (RevPAR): +1.9% to US$91.53
Among the Top 25 Markets, Orlando, Florida, saw the largest increases in each of the three key performance metrics: occupancy (+8.9% to 86.4%), ADR (+11.7% to US$148.23) and RevPAR (+21.6% to US$128.05).
Philadelphia, Pennsylvania-New Jersey, experienced the second-highest rise in occupancy (+6.4% to 79.9%), which resulted in the second-largest jump in RevPAR (+14.3% to US$120.14).
Anaheim/Santa Ana, California, posted the only other double-digit lift in ADR (+10.3% to US$164.38).
Boston, Massachusetts, recorded the steepest drop in RevPAR (-15.1% to US$165.59), due primarily to the only double-digit decrease in occupancy (-11.8% to 78.7%).
Chicago, Illinois, posted the largest decline in ADR (-8.2% to US$146.93).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
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